Goldman Sachs BDC (NYSE:GSBD) Releases Earnings Results, Misses Expectations By $0.03 EPS

Goldman Sachs BDC (NYSE:GSBD) announced its quarterly earnings results on Thursday. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03), Zacks reports. The company had revenue of $74.99 million during the quarter, compared to the consensus estimate of $80.13 million. Goldman Sachs BDC had a net margin of 9.21% and a return on equity of 10.40%.

Goldman Sachs BDC Stock Down 1.8%

Shares of NYSE GSBD traded down $0.15 during mid-day trading on Friday, reaching $8.64. 1,079,993 shares of the company’s stock were exchanged, compared to its average volume of 775,325. The firm has a market capitalization of $973.17 million, a price-to-earnings ratio of 33.25 and a beta of 0.62. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $9.23 and a 200 day simple moving average of $9.25. Goldman Sachs BDC has a twelve month low of $8.35 and a twelve month high of $10.38.

Goldman Sachs BDC Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Thursday, December 31st will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 14.8%. The ex-dividend date is Thursday, December 31st. Goldman Sachs BDC’s dividend payout ratio is 246.15%.

Analyst Upgrades and Downgrades

GSBD has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of Goldman Sachs BDC from $9.00 to $10.00 and gave the company a “hold” rating in a report on Monday, August 10th. Zacks Research raised shares of Goldman Sachs BDC from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, September 29th. Wall Street Zen upgraded shares of Goldman Sachs BDC from a “sell” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Weiss Ratings cut shares of Goldman Sachs BDC from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $8.75.

Goldman Sachs BDC Company Profile

Goldman Sachs BDC, Inc (NYSE:GSBD) is a business development company that provides financing to privately owned, middle-market companies. The company seeks to generate income and long-term capital appreciation by investing primarily in debt securities and, to a lesser extent, equity interests.

GSBD’s portfolio may include senior secured loans, first-lien and unitranche investments, second-lien loans, subordinated debt, and equity-related investments. Its financing supports companies across a range of industries and is generally used for acquisitions, recapitalizations, growth initiatives, refinancing, and other corporate purposes.

Goldman Sachs BDC is externally managed by an affiliate of Goldman Sachs Asset Management and benefits from the investment platform and resources of the Goldman Sachs organization.